Research Analysts Issue Forecasts for RCL Q3 Earnings

Key Points

• William Blair has increased its Q3 2025 earnings estimate for Royal Caribbean Cruises to $5.66 per share, up from the previous estimate of $5.65, and maintains an "Outperform" rating on the stock.
• Royal Caribbean Cruises has announced a quarterly dividend increase to $1.00 per share from the previous $0.75, representing a 1.3% dividend yield.
• Several analysts have raised their target prices for Royal Caribbean, with Barclays setting a new target at $358.00 and TD Cowen issuing a target of $405.00 for the stock.

Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) - Stock analysts at William Blair upped their Q3 2025 earnings estimates for shares of Royal Caribbean Cruises in a research note issued to investors on Monday, October 20th. William Blair analyst S. Zackfia now expects that the company will post earnings per share of $5.66 for the quarter, up from their prior estimate of $5.65. William Blair has a "Outperform" rating on the stock. The consensus estimate for Royal Caribbean Cruises' current full-year earnings is $14.90 per share.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, beating analysts' consensus estimates of $4.04 by $0.34. The business had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The company's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.21 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS.

A number of other research analysts also recently issued reports on RCL. Sanford C. Bernstein lifted their price objective on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. TD Cowen began coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They issued a "buy" rating and a $405.00 target price for the company. Mizuho lowered their target price on shares of Royal Caribbean Cruises from $372.00 to $362.00 and set an "outperform" rating for the company in a research note on Monday. JPMorgan Chase & Co. lifted their price objective on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Finally, Barclays lifted their price objective on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Royal Caribbean Cruises presently has an average rating of "Moderate Buy" and a consensus target price of $332.14.

Royal Caribbean Cruises Stock Up 0.3%

Shares of Royal Caribbean Cruises stock opened at $317.71 on Thursday. The firm's 50 day moving average price is $329.34 and its 200-day moving average price is $290.48. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. Royal Caribbean Cruises has a 52-week low of $164.01 and a 52-week high of $366.50. The company has a market cap of $86.30 billion, a P/E ratio of 23.82, a PEG ratio of 0.89 and a beta of 2.08.

Institutional Investors Weigh In On Royal Caribbean Cruises

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Royal Caribbean Cruises by 3.2% in the second quarter. Vanguard Group Inc. now owns 29,604,177 shares of the company's stock valued at $9,270,252,000 after purchasing an additional 929,414 shares during the period. State Street Corp grew its holdings in shares of Royal Caribbean Cruises by 3.3% in the second quarter. State Street Corp now owns 10,492,549 shares of the company's stock valued at $3,293,302,000 after purchasing an additional 330,770 shares during the period. Geode Capital Management LLC grew its holdings in shares of Royal Caribbean Cruises by 6.6% in the second quarter. Geode Capital Management LLC now owns 6,667,927 shares of the company's stock valued at $2,079,877,000 after purchasing an additional 415,230 shares during the period. Invesco Ltd. grew its holdings in shares of Royal Caribbean Cruises by 9.4% in the second quarter. Invesco Ltd. now owns 3,317,996 shares of the company's stock valued at $1,038,997,000 after purchasing an additional 284,037 shares during the period. Finally, Norges Bank purchased a new stake in shares of Royal Caribbean Cruises in the second quarter valued at about $1,021,893,000. Hedge funds and other institutional investors own 87.53% of the company's stock.

Insider Activity

In related news, CAO Henry L. Pujol sold 5,207 shares of the business's stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total value of $1,715,550.29. Following the completion of the sale, the chief accounting officer owned 7,826 shares of the company's stock, valued at approximately $2,578,432.22. The trade was a 39.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Vagn O. Sorensen sold 10,300 shares of the business's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the completion of the sale, the director directly owned 16,407 shares of the company's stock, valued at approximately $5,414,966.28. The trade was a 38.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,507 shares of company stock valued at $10,091,282 in the last three months. 6.95% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 13th. Stockholders of record on Thursday, September 25th were issued a dividend of $1.00 per share. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $4.00 annualized dividend and a dividend yield of 1.3%. Royal Caribbean Cruises's payout ratio is presently 29.99%.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.

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